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Hitech Corporation Ltd (HITECHCORP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526217 NSE: HITECHCORP Plastic Products | Small Cap | Hitech Corporation Share Price

₹314.55 -1.45 (-0.46%)

As on 02-Jul'26 16:59

Hitech Corporation Ltd (HITECHCORP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526217 NSE: HITECHCORP Plastic Products | Small Cap | Hitech Corporation Share Price

₹314.55 -1.45 (-0.46%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹540 Cr.
Current Price
₹314.6
52-Week Low / High
₹112 / 333
TTM EPS
₹4.7
TTM Sales
₹584 Cr.
Book Value per Share
₹160.8
P/E Ratio
67.34
Higher than its 5-year historical median
Industry PE
38.4
Price to Book (P/B)
1.96
Higher than its 5-year historical median
Price to Sales (P/S)
0.92
Higher than its 5-year historical median
EV/EBITDA
10.06
Higher than its 5-year historical median
Dividend Yield
0.32%
Profitability Efficiency
Return on Equity (ROE)
2.99%
Underperforms industry median
Return on Capital Employed (ROCE)
7.42%
Underperforms industry median
Return on Assets (ROA)
1.61%
Operating Profit Margin
10.9%
Net Profit Margin
1.45%
Gross Profit Margin
8.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-2.2%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-15.83%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-63.73%
Asset Quality
Promoter Holding
74.43%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹259 Cr.
Equity
₹17.2 Cr.
Face Value
₹10
All Time Low / High
₹1.00 / 350.50

Hitech Corporation stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Hitech Corporation Ltd a good quality company?
Hitech Corporation Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Hitech Corporation Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Hitech Corporation Ltd vs industry peers?
Hitech Corporation Ltd revenue CAGR is 3.61%, compared to the industry median CAGR of 4.71%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Hitech Corporation Ltd?
Promoters hold 74.43% of the Hitech Corporation Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Hitech Corporation Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 0.9% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Hitech Corporation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 14.7%10.1%9.2%13.8%7.9%12.5%20.8%16.6%13.9%7.4%-
Value Creation
Index
0.1-0.3-0.30.0-0.4-0.10.50.20.0-0.5-

Growth Parameters

Sales 393367388462460447588559562549584
Sales YoY Gr.--6.5%5.8%18.9%-0.4%-2.8%31.6%-5.1%0.6%-2.2%-
Adj EPS 8.15.42.23.62.77.417.614.712.74.24.7
YoY Gr.--34%-59%63.6%-23.9%168.6%139.1%-16.7%-13.6%-67.2%-
BVPS (₹) 78.983.987.395.796.3106126.3141.6153.4157160.8
Adj Net
Profit
13.99.23.86.24.712.630.225.221.87.28
Cash Flow from Ops. 41.237.342.785.656.364.872.769.354.647-
Debt/CF from Ops. 0.92.93.82.13.22.21.30.91.32.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 3.8%3.6%-2.3%-2.2%
Adj EPS -7.2%8.7%-38.2%-67.2%
BVPS7.9%10.3%7.5%2.4%
Share Price 6.8% 5.9% 10.1% 56.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.95.92.63.92.97.315.2118.62.72.9
Op. Profit
Mgn %
11.69.59.61112.814.314.612.712.610.911
Net Profit
Mgn %
3.62.511.312.85.14.53.91.31.4
Debt to
Equity
0.20.81.11.11.10.80.40.30.30.40.2
Working Cap
Days
10813014111194909112012813340
Cash Conv.
Cycle
647281675550393938442

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales393367388462460447588559562549
Operating Expenses + 347332351411401383503488491490
Manufacturing Costs48323646484237424542
Material Costs234229238285275265371350339336
Employee Cost 26272931312931364043
Other Costs 39444949484763606869
Operating Profit 46353751596486717160
Operating Profit Margin (%) 11.6%9.5%9.6%11.0%12.8%14.3%14.6%12.7%12.6%10.8%
Other Income + 1161111534
Exceptional Items 00015-361040-1
Interest 1191420241916141416
Depreciation 16131821303030293036
Profit Before Tax 2014122642250373010
Tax 64491513982
Profit After Tax 1498162173728228
PAT Margin (%) 3.6%2.6%2.0%3.6%0.5%3.8%6.4%5.1%3.9%1.5%
Adjusted EPS (₹)7.85.54.59.61.49.921.816.512.84.7
Dividend Payout Ratio (%)11.50%16.50%19.90%9.40%0%10.10%4.60%6.10%7.80%21.50%

Valuation of Hitech Corporation - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 166144150164165182217243263270
Share Capital 48171717171717171717
Reserves 118127133147148165200226246253
Debt +3010515317215711565385793
Long Term Debt54982110946338152541
Short Term Debt25567162635227233352
Minority Interest0000000000
Trade Payables14282116161820171922
Others Liabilities 232731514753128126141123
Total Liabilities 234303355404386369429425481508

Fixed Assets

Net Fixed Assets +97139156234275243238221250266
Gross Block235152186285354347368378427476
Accumulated Depreciation13913305179103131157177210
CWIP 28443923261513
Investments 00011800129
Inventories30333740353944374249
Trade Receivables61877556434443374245
Cash Equivalents 2131111310
Others Assets 423539332931102121130106
Total Assets 234303355404386369429425481508

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 41374386566573695547
PBT 2014122642250373010
Adjustment 27243242544441354248
Changes in Working Capital 0622514-37-10-6
Tax Paid -7-6-4-7-2-6-16-11-7-5
Cash Flow From Investing Activity + -7-63-80-84-25-9-6-16-48-64
Capex -8-63-81-85-26-17-19-16-47-49
Net Investments 00-0-017130-1-15
Others 0-000110000
Cash Flow From Financing Activity + -352741-6-31-52-65-52-816
Net Proceeds from Shares 9000000000
Net Proceeds from Borrowing -464532-5-1-23-31017
Interest Paid -10-6-11-18-22-17-15-14-14-16
Dividend Paid -2-2-2-2-20-2-2-2-2
Others -27289-19-2-34-25-5817
Net Cash Flow -113-51422-2-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)11.386.695.2810.431.439.7618.7412.318.692.99
ROCE (%)14.710.069.213.797.8712.4520.8316.5613.867.42
Asset Turnover Ratio1.791.51.211.221.171.191.481.311.241.11
PAT to CFO Conversion(x)2.934.115.385.38283.821.972.462.55.88
Working Capital Days
Receivable Days5767.1074.5051.9039.4035.70272625.6029
Inventory Days23.5028.5032.3030.6029.703025.5026.5025.8030.20
Payable Days2533.8037.4023.2021.2023.8018.6019.1019.4022.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Hitech Corporation Ltd FAQs

The current trading price of Hitech Corporation on 02-Jul-2026 16:59 is ₹314.6.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of Hitech Corporation stood at ₹540.3 Cr

The latest P/E ratio of Hitech Corporation as of 01-Jul-2026 is 67.34.

The latest P/B ratio of Hitech Corporation as of 01-Jul-2026 is 1.96.

The 52-week high of Hitech Corporation is ₹333.0 and the 52-week low is ₹112.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hitech Corporation is ₹584 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Hitech Corporation Ltd is a average quality company.

The key valuation ratios of Hitech Corporation Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Hitech Corporation Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Hitech Corporation Ltd

Hitech Corporation, founded in 1991, has steadily emerged as a leading conglomerate in India’s rigid plastic packaging sector. The company operates with a deep-rooted commitment to fostering innovation, precision and customer satisfaction. Its wide-ranging product solutions serve critical industries including paints and coatings, lubricants, construction and specialty chemicals, agrochemicals, food and beverage and personal care. Backed by a robust network of several advanced manufacturing units and a workforce of over thousands of skilled professionals, it delivers to thousands of clients nationwide.

It is one of India's leading providers of rigid plastic packaging solutions, with a legacy of over decades. Over the years, it has continued to evolve to meet the dynamic needs of diverse industries, ranging from FMCG and agrochemicals to pharmaceuticals, lubricants, paints, home care and personal care. Its focus on innovation, quality and customer-centricity enables it to deliver specialised, high-performance packaging solutions tailored to each sector's unique requirements.

Its state-of-the-art manufacturing facilities are located across strategic locations in India and equipped with advanced moulding technologies and modern infrastructure that ensure both efficiency and precision. At the heart of its innovation engine is its dedicated Technology Centre, which anchors its 360-degree service model, spanning concept development, design, prototyping and execution. This collaborative ecosystem brings together skilled professionals, designers and engineers to co-create unique, leak-proof, ergonomic and sustainable packaging solutions which increase the value of the end product.

Business area of the company

The company is engaged in manufacturing of rigid plastic packaging products specially catering to customers relating to paints, lube, agro chemical, FMCG, personal and health care and home care product as well as export market.

Product categories of the company

  • Agro Chemicals
  • Dairy
  • Construction Chemicals
  • Paints
  • Personal Care
  • Food & Beverage
  • Home Care
  • Pharmaceuticals

History and milestones 

  • 1991: Incorporated as Hitech Corporation, it begins its journey as a rigid plastic packaging manufacturer with the aim of delivering high-quality, innovative, and sustainable packaging solutions.
  • 1992: It laid the foundation of its manufacturing presence with its first facility at Sanaswadi.
  • 1993: IPO of the company on the Bombay Stock Exchange
  • 1994: It became pioneers in introducing Dry Offset Printing for plastic containers in India.
  • 2001: Acquired 51% stake in Multitech Plast Containers Ltd.
  • 2003: Acquired shares in Clear Plastics Group of Companies, specialists in Blow Moulding Technology.
  • 2005: Merged Multitech Plast Containers Ltd with Hitech Corporation.
  • 2006: Acquired shares in Mipak Polymers Ltd, known for its expertise in Injection Stretch Blow Moulding Technology.
  • 2007: Listed on the National Stock Exchange.
  • 2010: Its Rohtak unit commenced commercial production.
  • 2013: Commissioned a new manufacturing unit in Khandala, Maharashtra.
  • 2015: Merged Clear Mipak Polymer Solutions Ltd with the company
  • 2016: Established a not-for-profit foundation, ‘Sab Ka Mangal Ho’, dedicated to promoting wellness through healthcare drives, natural resource management projects, yoga and value-based education at orphanages, all aimed at creating a better world for people and the planet.
  • 2018: Commissioned a new facility in Mysuru.
  • 2019: Another milestone with a new manufacturing unit in Vizag.
  • 2020: Introduced pad printing technology to enhance the quality of print and labelling in packaging.
  • 2021: Upgraded its capabilities in multi-cavity moulds to accelerate production cycles, and further advanced its mould development for caps and closures.
  • 2022: Began in-house design and validation of drums/ containers for personal care and cosmetic segments at its Technology Centre.
  • 2023: Integrated solar energy across its plants, reinforcing its commitment to green energy and sustainable practices.
  • 2024: Commissioned a new facility in Dahej, Gujarat for the manufacture of large drums. It was also recognised as Certified Green Channel Partners by select customers.
  • 2025: Acquired Thriarr Polymers Pvt Ltd., specialising in manufacturing of thermosets and thermoplastics. Also incorporated Hitech Global Inc in US, an extended arm for global marketing.

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